Monday, March 12, 2018

Get an early start: A smart $100 deposit from state for college saving | Pittsburgh Post-Gazette

Get an early start: A smart $100 deposit from state for college saving | Pittsburgh Post-Gazette: Pennsylvanians need to start saving more money for two of life’s milestones, college and retirement, because costs for both are ever on the rise. State Treasurer Joe Torsella and other officials have rolled out a program to help with the former, and children in six counties will be the first beneficiaries of this worthy venture.

For the next two years, every child born or adopted in Westmoreland, Delaware, Elk, Indiana, Luzerne and Mifflin counties — estimated to be about 28,000 in all — is eligible to receive a $100�“starter deposit” on a college savings plan. Parents can enroll their children in the Keystone Scholars demonstration program at pa529.com/​keystone. Invested by the state, the $100 is expected to grow to as much as $414 by the time the first beneficiaries are old enough to use it.�

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